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WD and Hitachi deal to close tomorrow

Posted on Wednesday, March 07 2012 @ 11:03:17 CET by

Western Digital reports the deal to acquire Hitachi's HDD business is expected to close on March 8th, as the company has obtained all required regulatory approvals.
Western Digital Corp. (NYSE: WDC) and Hitachi, Ltd. (NYSE: HIT / TSE:6501) today announced that having obtained all required regulatory approvals for WD's acquisition of Viviti Technologies Ltd. (holding company of Hitachi Global Storage Technologies), they expect the acquisition to close on March 8, 2012. WD and Hitachi will provide more information upon closing of the transaction.



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